Stewardship financial corp (SSFN)
Balance Sheet / Yearly
Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Dec'10
Assets
Cash and due from banks

12,317

12,836

16,340

10,487

13,199

21,852

20,558

16,807

19,314

12,604

11,508

20,700

13,471

13,012

10,731

15,825

19,438

19,987

9,849

10,540

14,397

26,690

17,024

14,955

14,038

25,442

19,962

16,754

24,616

23,376

13,289

22,536

24,839

19,838

Other interest-earning assets

293

321

483

352

330

326

712

406

145

189

172

325

430

307

179

200

344

1,048

237

310

233

486

381

445

284

702

1,054

633

724

805

409

1,200

1,027

145

Cash and cash equivalents

12,610

13,157

16,823

10,839

13,529

22,178

21,270

17,213

19,459

12,793

11,680

21,025

13,901

13,319

10,910

16,025

19,782

21,035

10,086

10,850

14,630

27,176

17,405

15,400

14,322

26,144

21,016

17,387

25,340

24,181

13,698

-

25,866

19,983

Debt Securities, Available-for-sale

96,117

102,519

108,811

109,764

112,594

106,467

109,259

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash and cash equivalents

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

23,736

-

-

Securities available-for-sale

-

-

-

-

-

-

-

115,733

116,244

95,632

98,583

103,546

98,533

97,637

93,354

86,994

90,850

94,553

124,918

138,255

144,459

171,692

168,411

183,411

181,676

175,493

174,700

173,999

172,712

175,102

170,925

163,092

145,891

138,628

Securities held-to-maturity; estimated fair value of $62,446 (at June 30, 2019) and $60,997 (at December 31, 2018)

62,264

61,586

62,308

62,227

58,471

51,894

52,442

53,323

52,091

52,805

52,330

54,179

65,666

62,427

60,738

60,252

58,363

55,811

55,097

54,234

54,225

24,685

25,964

26,161

28,119

28,548

29,718

31,890

32,993

36,353

38,354

39,937

41,426

45,394

Other equity investments, at fair value

1,693

1,670

1,648

3,661

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other equity investments, at fair value (2018) and available-for-sale (2017)

-

-

-

-

-

-

3,756

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other equity investments, at fair value

1,693

1,670

1,648

3,661

3,694

3,706

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Federal Home Loan Bank of New York stock, at cost

4,091

3,922

3,965

3,552

3,087

3,039

3,715

3,919

5,169

3,784

3,515

2,425

2,650

2,608

2,608

3,035

2,833

3,026

3,777

2,882

2,429

2,133

2,133

2,813

2,133

2,213

2,213

2,213

2,213

2,266

2,478

2,491

2,491

2,497

Loans held for sale

469

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loans held for sale

-

-

-

0

607

0

370

688

446

188

773

300

581

783

1,522

1,570

1,416

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Mortgage loans held for sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

798

-

364

259

186

2,800

910

2,054

2,101

784

938

3,334

1,395

4,711

1,152

0

9,818

Loans, net of allowance for loan losses of $8,404 (at June 30, 2019) and $7,926 (at December 31, 2018)

748,055

738,703

725,404

721,088

713,311

699,276

702,561

682,917

683,162

646,196

595,952

543,846

529,225

519,407

517,556

509,270

497,674

480,480

467,699

432,895

423,413

413,784

424,262

428,799

431,353

430,083

429,832

-

-

-

444,803

-

-

-

Loans, net of allowance for loan losses of $12,598,000 (2012) and $11,604,000 (2011)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

425,494

433,378

440,636

-

448,055

457,329

443,245

Premises and equipment, net

7,146

7,262

7,007

6,920

6,952

6,998

6,909

6,705

6,700

6,606

6,566

6,643

6,678

6,726

6,799

6,883

6,975

7,053

6,577

6,528

6,490

5,951

5,739

5,566

5,538

5,579

5,645

5,759

5,873

5,981

6,101

6,169

6,209

6,395

Accrued interest receivable

2,640

2,718

2,696

2,649

2,467

2,438

2,566

2,432

2,327

2,202

2,133

1,998

1,912

2,017

1,967

1,861

1,906

1,867

1,994

1,852

2,019

1,909

2,066

2,058

2,301

2,219

2,372

2,204

2,489

2,507

2,618

2,660

2,803

2,806

Right of use asset

2,917

3,092

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other real estate owned, net

-

-

-

-

-

-

-

0

0

401

401

834

834

1,013

880

587

219

320

1,308

2,090

1,225

1,789

451

470

1,072

876

1,058

-

-

-

5,288

-

-

-

Other real estate owned, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,985

1,991

3,840

-

434

275

615

Bank owned life insurance

21,908

21,771

21,636

21,498

21,360

21,222

21,084

20,943

20,802

16,673

16,558

16,439

16,320

14,212

14,111

14,008

13,905

13,804

13,708

13,605

13,506

13,399

13,303

13,203

10,105

10,028

10,470

10,389

10,306

10,225

10,145

10,063

9,981

9,819

Other assets

4,354

4,730

5,332

5,915

5,615

5,223

4,834

6,821

6,907

7,119

7,044

6,692

6,287

6,508

7,443

7,164

7,268

7,070

8,387

8,997

8,867

9,899

10,974

10,437

10,159

10,642

10,580

10,554

9,499

9,559

9,697

8,455

8,118

8,918

Total assets

964,264

961,130

955,630

948,113

941,687

922,441

928,766

910,694

913,307

844,399

795,535

757,927

742,587

726,657

717,888

707,649

701,191

685,817

693,551

672,552

671,522

672,603

673,508

689,228

688,832

693,926

688,388

683,812

700,128

712,045

708,818

706,244

700,389

688,118

Liabilities and Shareholders' equity
Liabilities
Deposits:
Noninterest-bearing

182,971

176,356

174,717

190,303

188,343

178,572

172,861

171,609

177,678

170,566

169,306

172,072

160,461

154,201

147,828

151,078

153,546

141,406

136,721

140,345

143,711

137,687

133,565

139,918

145,388

132,960

124,286

125,060

124,017

118,597

115,776

118,117

114,518

99,723

Interest-bearing

598,974

607,260

607,374

596,263

603,718

593,644

591,238

569,352

543,215

530,138

489,624

474,012

466,008

458,225

456,925

434,790

432,453

424,916

419,755

416,666

422,669

437,729

444,026

437,238

447,311

462,578

465,968

458,366

469,478

483,486

477,776

469,747

473,900

475,880

Total deposits

781,945

783,616

782,091

786,566

792,061

772,216

764,099

740,961

720,893

700,704

658,930

646,084

626,469

612,426

604,753

585,868

585,999

566,322

556,476

557,011

566,380

575,416

577,591

577,156

592,699

595,538

590,254

583,426

593,495

602,083

593,552

587,864

588,418

575,603

Federal Home Loan Bank of New York advances - short term

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,000

Federal Home Loan Bank of New York advances

67,400

63,900

65,700

56,800

46,700

48,760

63,760

68,760

93,760

65,200

59,200

35,000

40,000

40,000

40,000

49,500

45,000

50,000

66,700

46,800

31,000

25,000

25,000

40,100

25,000

25,000

25,000

25,000

25,000

28,000

32,700

-

-

33,000

Securities sold under agreements to repurchase

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

100

7,601

7,601

7,300

8,044

7,344

7,344

7,343

7,342

14,342

14,342

14,342

15,191

15,791

14,642

Federal Home Loan Bank of New York advances

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

33,000

33,000

-

Subordinated Debentures and Subordinated Notes

23,415

23,398

23,382

23,366

23,350

23,333

23,317

23,301

23,284

23,268

23,252

23,235

23,219

23,203

23,186

23,176

7,217

7,217

7,217

7,217

7,217

7,217

7,217

7,217

7,217

7,217

7,217

7,217

7,217

7,217

7,217

7,217

7,217

7,217

Operating Lease, Liability

3,043

3,217

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued interest payable

906

1,369

1,106

726

1,111

665

1,116

685

965

1,099

794

473

782

494

791

487

366

306

308

274

332

320

401

373

445

450

560

547

644

673

775

745

898

977

Accrued expenses and other liabilities

3,465

3,339

3,201

2,736

2,277

3,095

2,809

2,879

1,894

1,711

1,972

1,567

1,431

1,342

1,585

1,600

1,757

1,860

3,881

3,892

1,997

1,889

2,220

2,060

1,835

1,702

1,668

2,406

1,539

1,675

2,440

2,675

1,418

1,547

Total liabilities

880,174

878,839

875,480

870,194

865,499

848,069

855,101

836,586

840,796

791,982

744,148

706,359

691,901

677,465

670,315

660,631

640,339

625,705

634,582

615,294

614,527

617,443

619,729

634,950

634,540

637,251

632,042

625,938

642,237

653,990

651,026

646,692

646,742

635,986

Commitments and contingencies

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

Shareholders' equity
Preferred stock, no par value; 2,500,000 shares authorized; 15,000 and outstanding at December 31, 2014 Liquidation preference of $15,000,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

14,989

14,986

14,984

14,981

14,979

14,977

14,974

14,972

14,969

14,967

14,964

14,963

14,960

14,957

14,955

14,958

9,827

9,796

Common stock, no par value: 20,000,000 shares authorized at June 30, 2019 and December 31, 2018; 8,714,222 and 8,680,388 shares issued and outstanding at June 30, 2019 and December 31, 2018, respectively

61,338

61,321

61,030

61,013

60,996

60,975

60,742

60,670

60,657

41,775

41,626

41,604

41,571

41,574

41,410

41,444

41,418

41,397

41,125

41,102

41,074

40,963

40,690

40,679

40,652

40,639

40,606

40,585

40,529

40,487

40,420

40,637

40,540

40,516

Treasury stock, 917 shares outstanding at December 31, 2010

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

13

Retained earnings

23,419

22,160

21,056

19,503

17,534

15,439

14,307

14,250

12,807

11,751

11,082

9,871

8,972

7,724

7,008

5,959

5,163

4,193

3,817

2,790

2,450

1,936

1,905

1,472

1,182

910

316

824

846

1,447

1,043

2,176

2,161

1,959

Accumulated other comprehensive loss, net

-667

-1,190

-1,936

-2,597

-2,342

-2,042

-1,384

-812

-953

-1,109

-1,321

93

143

-106

-845

-385

-718

-464

-957

-1,615

-1,508

-2,716

-3,790

-2,845

-2,511

159

460

1,502

1,556

1,164

1,374

1,781

1,119

-126

Stockholders' Equity Attributable to Parent

84,090

82,291

80,150

77,919

76,188

74,372

73,665

74,108

72,511

52,417

51,387

51,568

50,686

49,192

47,573

47,018

60,852

60,112

58,969

57,258

56,995

55,160

53,779

54,278

54,292

56,675

56,346

57,874

57,891

58,055

57,792

59,552

53,647

52,132

Total liabilities and Shareholders' equity

964,264

961,130

955,630

948,113

941,687

922,441

928,766

910,694

913,307

844,399

795,535

757,927

742,587

726,657

717,888

707,649

701,191

685,817

693,551

672,552

671,522

672,603

673,508

689,228

688,832

693,926

688,388

683,812

700,128

712,045

708,818

706,244

700,389

688,118